Oklahoma § 6-426 - Agency relationships between subsidiary banks
Full text of Oklahoma Oklahoma Statutes § 6-426 — Agency relationships between subsidiary banks, with citation guidance and answers to common questions.
§ 6-426. Agency relationships between subsidiary banks
A. Any bank subsidiary of a bank holding company may receive
deposits, renew time deposits, close loans, service loans, and
receive payments on loans and other obligations as an agent for any
other bank owned or controlled by the same bank holding company.
B. Despite any other provision of law, a bank acting as an
agent in accordance with subsection A of this section for an
affiliate shall not be considered a branch of the affiliate.
C. An agency relationship between subsidiary banks pursuant to
subsection A of this section shall be on terms that are consistent
with safe and sound banking practice and all applicable regulations
of any appropriate bank regulatory agency.
Added by Laws 1996, c. 310, § 4, eff. July 1, 1996.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 6-426
What does Oklahoma Statutes § 6-426 cover?
Section 6-426 ("Agency relationships between subsidiary banks") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 6-426?
A common citation format is "Oklahoma Statutes § 6-426" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 6-426 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.